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Wassa( La Satisfaction) Group
In this Group: Mife , Chata Daouda, Sikignon , Korotoumou , Soumba , M’Bere , Warignon , Kadia , Teninba , Mamine
Wassa is a group of women from Baramba who know each other well and live in traditional large families with their husbands, children, and other parents. The women have an average age of 40 years, are married, and have at least 5 children each. The women of this group are in business selling various items, such as rice, peanuts, beans, baskets, etc. In order to expand their businesses, the members decided to partner with the loan program of Soro Yiriwaso. They are on their first group loan.

Mife is a member of the Wassa group, pictured seated in the middle of the photo. She plans to use her loan to purchase bags of beans and baskets for resale. She purchases the beans at the market and the baskets, which are made by her husband, she purchases locally. She sells these items at retail for cash from her home and in the market to a diverse customer base.

While the other members of the Wassa group hope to earn an average profit of 55,000 francs CFA at the end of the loan cycle, Mife hopes to earn 60,000 francs CFA. In addition to repaying the loan, the women will use a portion of the earnings to care for their family's expenses and to increase their business funds.
View original language description ↓
Wassa est un regroupement de femmes de Baramba qui se connaissent bien car elles vivent dans de grandes familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 40 ans, sont mariées et ont au moins 5 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels, vente de riz, de graines d’arachide, d’haricot et des paniers, etc.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur premier prêt de groupe.
Mife est un membre du groupe Wassa , assise au milieu.
Elle compte utiliser son prêt pour acheter des sacs d’haricot et des paniers pour la vente. Elle se procure de ces sacs d’haricot au marché et quant aux paniers, confectionnés par son mari, elle les achète sur place. Elle vend ces articles en détail et au comptant à la maison et au marché et à une clientèle diverse.
Tandis que les autres membres du groupe Wassa comptent réaliser un bénéfice moyen de 55 000CFA chacune au cours de ce cycle Mme Mife compte réaliser 60 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses de la famille et augmenter son fond de commerce.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,200
    Average annual income
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,150
    Funds lent in using Kiva
  • 480.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wassa( La Satisfaction) Group's $1,050 loan helped a member to purchase various items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014